Dollar bulls must be popping bottles of champagne at the
moment considering what’s been happening since last week.
On Sunday, Eurozone finance ministers approved an 85bn pound
financial rescue package for Ireland ,
although 17.5bn of it will come from Ireland
The Euro got a boost this morning after the announcement and
traded up to 1.3355, but this was short-lived and the Euro has come off since
then.
The Aussie has been following the Euro lead, and has also
released worse than expected data. The Q3 business inventories and company
profits came in a lot worse.
Data Today:
Eurozone consumer confidence – 10am GMT
Eurozone industrial confidence – 10am GMT
Eurozone service confidence – 10am GMT
Eurozone business climate indicator – 10am GMT
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